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3i Group (LON:III) Share Price Crosses Above 200-Day Moving Average - What's Next?

3i Group logo with Finance background

3i Group (LON:III - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,873.62 ($52.74) and traded as high as GBX 4,268 ($58.11). 3i Group shares last traded at GBX 4,238 ($57.70), with a volume of 803,640 shares traded.

Analyst Ratings Changes

Separately, Citigroup restated a "buy" rating and issued a GBX 4,850 ($66.03) target price on shares of 3i Group in a report on Tuesday, April 15th.

Read Our Latest Stock Analysis on 3i Group

3i Group Stock Performance

The business has a 50-day moving average of GBX 4,066.06 and a 200 day moving average of GBX 3,873.62. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The company has a market cap of £40.43 billion, a PE ratio of 10.56, a PEG ratio of -0.35 and a beta of 1.01.

3i Group (LON:III - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 522 ($7.11) earnings per share (EPS) for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. Equities research analysts anticipate that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Activity at 3i Group

In other news, insider Jasi Halai sold 6,387 shares of 3i Group stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 4,057 ($55.23), for a total transaction of £259,120.59 ($352,785.01). Also, insider James Hatchley sold 15,918 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($55.23), for a total value of £645,793.26 ($879,228.40). 3.02% of the stock is currently owned by company insiders.

3i Group Company Profile

(Get Free Report)

3i is an investment company with two complementary businesses, Private Equity and Infrastructure. We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.

Further Reading

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